Reasons That the Amount of Change in the Employee Benefits

question 84

Multiple Choice

Reasons that the amount of change in the employee benefits field has been dramatic in the last decade include all the following except:

• A)tax reforms.
• B)increased costs of health care and medical plans.
• C)retirement and pension plans legislation.
• D)changes in health care policies.
• E)changes in minimum wage legislation.

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Definitions:

Tax Withholding

The portion of an employee's wages that is not included in their paycheck because it is paid directly to the government as a prepayment of income tax.

Tax Liability

The total amount of tax that individuals or entities are legally obligated to pay to a taxing authority based on their income, property, or other taxable assets.

Married Filing Jointly

A tax filing status for married couples who choose to combine their income and deductions on one tax return.

Single Filing Status

A tax filing status for individuals who are unmarried and do not qualify for other filing statuses.